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Rupert Murdoch, born in Melbourne, is a major international media proprietor – he chairs two United States-based companies that control most of his assets: News Corp and Fox Corporation. Murdoch's career as a media proprietor began in 1952, when he inherited his father's stake in News Limited. [14]
The irrevocable family trust was set up after Rupert and Anna Murdoch's divorce in 1999, to hold the family's 28.5% stake in News Corp. It relates only to the children born before then, giving them equal say in the fate of the business after Rupert's death. [ 178 ]
The issue of succession began in December 2023, when Rupert Murdoch applied to change the terms of his "irrevocable" family trust (established in 1999, as the Murdoch Family Trust, or MFT) to ensure that Lachlan would have full control over News Corp, a mass media and publishing company that manages hundreds of assets, rather than his three ...
When Rupert Murdoch, the 93-year-old media mogul, quietly decided last year to upend the irrevocable family trust that governs who will control his sprawling global media empire after his death ...
The fate of Rupert Murdoch’s vast media empire, including Fox News, is now in the hands of a Reno probate commissioner, who will decide whether the 93-year-old media mogul can change his ...
Members of the family of Rupert Murdoch, Australian-American media magnate and the founder, chairman, and chief executive officer of News Corporation. Subcategories This category has the following 2 subcategories, out of 2 total.
The Murdoch Family Trust has eight votes: four of which are controlled by Murdoch, and the remaining four controlled by the four children from his first two marriages. Murdoch’s youngest ...
In September 2024, the Murdoch family is involved in a court case in Reno, Nevada, in which three of Lachlan's siblings (James, his sister Elisabeth and half-sister Prudence MacLeod) are challenging their father's bid to amend the family trust to ensure that Lachlan retains control of News Corp and Fox Corp, rather than benefiting all of his ...